Major solutions for socio-economic development in 2015

Updated: 17:09’ - 03/07/2014

The Prime Minister on June 14 issued Directive No. 14/CT-TTg to request ministries, sectors, localities, state economic groups and corporations to elaborate the 2015 socio-economic development plan and state budget estimates.

Accordingly, the socio-economic development plan for 2015 aims to maintain the macro-economic stability and curb inflation; speed up the realization of strategic breakthroughs and economic restructuring combined with renewal of growth models, thereby ensuring sustainable development of the economy; accelerate the administrative reform and corruption and waste prevention and combat.

Ensuring social security and welfare and improving people’s life; raising the effectiveness of external affairs and international integration; strengthening national defense and security, safeguarding national sovereignty and maintaining political stability and social order and safety are also set forth in the plan.

The plan targets a GDP growth rate of 6-6.2 percent and an inflation rate of 7 percent in 2015.

To achieve the targets, the Prime Minister requests ministries, sectors and localities to develop a number of advantageous services and services of high added value, such as tourism, telecommunications, information technology, finance, banking and insurance; strongly develop the domestic market and introduce and effectively implement export promotion programs applicable to some key services.

Intensifying the promotion and marketing activities is also required for raising the position and prestige of domestically produced goods in order to replace imports.

Regarding social development, the plan underlines the necessity to continue implementing Resolution No. 5 of the Party Central Committee (the 11th Congress) on a number of issues related to social policies during 2012-2020; to effectively implement mechanisms and policies to support ethnic groups’ production and daily life; to raise the efficiency of vocational training associated with job generation and provision of skilled laborers to economic zones, industrial parks and key investment projects; and to expand labor export markets.

The plan also underscores the need to address the complicated situation in the East Sea by peaceful means on the basis of international law, especially the 1982 UN Convention on the Law of the Sea (UNCLOS) and the Declaration on the Conduct of Parties in the East Sea (DOC).-